Subject: Comment Letter for File Number S7-30-22 Regulation NMS: Minimum Pricing Increments, Access Fees, and Transparency of Better Priced Orders
From: Mr. Peterson
Affiliation:

Mar. 26, 2023

  



March 26th, 2023 

By Email 


Vanessa A. Countryman 
Secretary 
U.S. Securities and Exchange Commission 
100 F Street, N.E. 
Washington, D.C. 205499–1090 rule-comments@sec.gov 


Re: S7-30-22 Regulations NMS 

Dear Secretary Countryman, 



I am a household investor who is greatly concerned about the transparent and fair functioning of our financial markets. I am writing in favor of the SEC adopting the S7-30-22 Regulation NMS: Minimum Pricing Increments, Access Fees, and Transparency of Better Priced Orders proposal. 



My concerns include but are not limited to aspects of the current system as it relates to: 


a) The lack of competitive and natural market forces due to artificial constraints preventing sub-penny increments in trading. 

b) The concentration of market to power to select firms by the use of "rebates" and their failure to improve liquidity in stocks with wide spreads 

c) Transparency and auditing by the SEC, other regulatory agencies, and the public as to how handling of orders is occurring with respect to S7-30-22 


I believe the proposed changes outlined in the S7-30-22 will go a long way to addressing these and other significant concerns. 


The United States of America must remain a leader and innovator in fair and transparent financial markets. To that end, constant vigilance, diligence, and prudent evolution of our financial systems are required - this includes adoption of the S7-30-22 proposal in full and without delay. 


Respectfully submitted, 
Mr. Peterson